Saturday 22 September 2012

New car price consumers pay attention

FTC to negotiate a new car price consumers pay attention to these key financial terms suggested:

Invoice price - the manufacturer's initial charge to the merchant. Distributor rebates, allowances, discounts, and incentive awards to be used for this is higher than the closing price.

Basic price - the cost of the car without options. Includes standard equipment and factory warranty. The Monroney sticker price printed.

Monroney Sticker Price (MSRP) - shows the base price, the manufacturer's suggested retail price, the manufacturer's transportation charge, and fuel economy (mileage) installed options with the manufacturer.

Dealer sticker price - Monroney sticker price plus dealer markup (ADM) or additional dealer profit (ADP), dealer preparation, and undercoating provides a suggested retail price as dealer-installed options.

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